Zacks Investment ResearchT3·6h ago
IEMG iShares Core MSCI Emerging Markets ETF
ETF 75.63 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
IEMG
$75.63
—
Key stats
$75.63
- 52-Week Range
- $64.67 – $86.49
- YTD
- +9.61%
- IV Rank (30D)
- 32.0
- Straddle Price
- $4.40
- P/C Vol Ratio
- 0.67
- Open
- $75.28
- Day Range
- $75.22 – $75.75
- Volume
- 3,722,842
- Prev Close
- $75.44
About
iShares Core MSCI Emerging Markets ETF (IEMG) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2012-10-18
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 21, 2026issuer datathrough May 2026flows, SEC filings
- Expense ratio
- 0.09% issuer, Oct 23, 2026
- Assets
- $148.1B issuer-reported, Oct 21, 2026
- Trailing yield
- 2.38% paid semi-annual
- Average daily volume
- $965M 30 sessions
- Holdings
- 2,892 top 10 are 32.2%
- Listed
- Oct 18, 2012 NYSE Arca
- Net asset value
- $75.29 issuer, Oct 22, 2026 · closed +0.19% to NAV
- Median bid/ask spread
- 0.01% 30 days, issuer-reported
- 30-day SEC yield
- 1.75% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +26.9% issuer, through Sep 30, 2026 · 3 years +22.9% a year · 5 years +8.8% · 10 years +9.0%
- Distributions, 12 months
- $1.80 a share issuer, through Jun 15, 2026: 100% income
- Tracking difference
- +1.39 pts vs index, after fees, FY 2025
Cost94
Liquidity100
Scale100
Diversification67
Moves with. Emerging markets over US (60% of its variance, beta 0.95); US large-cap stocks (40% of its variance, beta 1.00). These factors explain 100% of its daily moves over the last year.
Stated objective. The iShares Core MSCI Emerging Markets ETF (the Fund) seeks to track the investment results of an index composed of large-, mid- and small-capitalization emerging market equities. (from the fund's prospectus)
All 2,892 holdingsFlow historySimilar fundsOverlap toolAll Emerging Markets ETFs
Fund flows
daily as of Oct 21, 2026issuer datathrough May 2026SEC filings- Oct 21, 2026
- $0 latest day
- Latest 5 trading days
- $0
- Latest 21 trading days
- −$881M −0.6% of assets
- Year to date
- +$13.1B +$20.7B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 21, 2026 | $0 |
| Oct 20, 2026 | $0 |
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | $0 |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 1, 2026 | −$147M |
| Sep 30, 2026 | −$390M |
| Sep 29, 2026 | −$344M |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | $0 |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- May 2026
- $0 latest reported month
- Latest 3 months
- +$62M +0.0% of assets
- Latest 12 months
- +$26.6B +16.4% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | $0 |
| Apr 2026 | −$244K |
| Mar 2026 | +$62M |
| Feb 2026 | +$2.2B |
| Jan 2026 | +$8.8B |
| Dec 2025 | +$2.3B |
| Nov 2025 | +$4.6B |
| Oct 2025 | +$654M |
| Sep 2025 | +$2.2B |
| Aug 2025 | +$186M |
| Jul 2025 | +$2.4B |
| Jun 2025 | +$3.1B |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| EEMiShares MSCI Emerging Markets ETF | 88% | 0.72% | $28.6B | +13.6% | compare |
| BKEMBNY Mellon Emerging Markets Equity ETF | 85% | 0.11% | $101M | +13.9% | compare |
| GSEEGoldman Sachs MarketBeta Emerging Markets Equity ETF | 84% | 0.36% | $131M | +12.3% | compare |
| BBEMJPMorgan BetaBuilders Emerging Markets Equity ETF | 83% | 0.15% | $808M | +9.5% | compare |
| DBEMXtrackers MSCI Emerging Markets Hedged Equity ETF | 83% | 0.66% | $103M | +14.1% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 21, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 1% net selling
- Reporting earnings
- 0.3% of weight in 7 days; 0.4% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.04%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Oct 13, 2026 → Oct 14, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | EMIRATES TELECOMMUNICATIONS GROUP | — | 0.15% | — |
| Exit | EMIRATES TELECOM | 0.14% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 1.0%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 8 active of 38 with agreements; top 3 did 93%
- Created · redeemed
- $9.9B · $253M over the fiscal year
- Redemptions in kind
- 94% creations 73% in kind
- Creation unit
- 600,000 shares
- Securities lending
- 3.57% of assets on loan on average; earned 9.7 bp
- Return vs index
- +1.39 pts after fees; +1.39 before; daily s.d. 2.66
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-21
Holdings
2892
AUM
$148.1B
Provider
iShares (BlackRock)
Inception
2012-10-18
Exchange
ARCX
Data As Of
2026-10-21
Expense Ratio
0.09%
Dividend Yield
2.38%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-15 | 2026-06-18 | $0.6584 | CD |
| 2025-12-16 | 2025-12-19 | $1.1389 | CD |
| 2025-06-16 | 2025-06-20 | $0.7097 | CD |
| 2024-12-17 | 2024-12-20 | $1.1625 | CD |
| 2024-06-11 | 2024-06-17 | $0.5095 | CD |
| 2023-12-20 | 2023-12-27 | $0.9770 | CD |
Asset Allocation
Top Holdings
top 50 of 2892 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TAIWAN SEMICONDUCTOR MANUFACTURING | 13.82% | Equity (Foreign) | TW |
| — | SAMSUNG ELECTRONICS LTD | 5.93% | Equity (Foreign) | KR |
| — | SK HYNIX | 4.06% | Equity (Foreign) | KR |
| — | TENCENT HOLDINGS | 2.32% | Equity (Foreign) | CN |
| — | ALIBABA GROUP HOLDING | 1.66% | Equity (Foreign) | CN |
| — | MEDIATEK | 1.39% | Equity (Foreign) | TW |
| — | CHINA CONSTRUCTION BANK CORP H | 0.79% | Equity (Foreign) | CN |
| — | SAMSUNG ELECTRONICS NON VOTING PRE | 0.78% | Equity (Foreign) | KR |
| — | DELTA ELECTRONICS | 0.73% | Equity (Foreign) | TW |
| — | HON HAI PRECISION INDUSTRY | 0.71% | Equity (Foreign) | TW |
| HDFCBANK | HDFC BANK | 0.64% | Equity (Foreign) | IN |
| ICICIBANK | ICICI BANK | 0.59% | Equity (Foreign) | IN |
| RELIANCE | RELIANCE INDUSTRIES LTD | 0.55% | Equity (Foreign) | IN |
| — | ASE TECHNOLOGY HOLDING | 0.53% | Equity (Foreign) | TW |
| — | INDUSTRIAL AND COMMERCIAL BANK OF | 0.46% | Equity (Foreign) | CN |
| — | XIAOMI | 0.44% | Equity (Foreign) | CN |
| BHARTIARTL | BHARTI AIRTEL LTD | 0.42% | Equity (Foreign) | IN |
| NU | NU HOLDINGS CLASS A | 0.41% | Equity (Foreign) | BR |
| — | SK SQUARE | 0.41% | Equity (Foreign) | KR |
| ITUB4 | ITAU UNIBANCO HOLDING PREF SA | 0.40% | Equity (Foreign) | BR |
| PETR4 | PETROLEO BRASILEIRO PREF SA | 0.40% | Equity (Foreign) | BR |
| — | BANK OF CHINA LTD H | 0.39% | Equity (Foreign) | CN |
| — | SAMSUNG ELECTRO MECHANICS LTD | 0.37% | Equity (Foreign) | KR |
| PETR3 | PETROLEO BRASILEIRO SA PETROBRAS | 0.36% | Equity (Foreign) | BR |
| — | MEITUAN | 0.36% | Equity (Foreign) | CN |
| — | NAN YA PLASTICS CORP | 0.35% | Equity (Foreign) | TW |
| — | AL RAJHI BANK | 0.35% | Equity (Foreign) | SA |
| VALE3 | CIA VALE DO RIO DOCE SH | 0.35% | Equity (Foreign) | BR |
| ANG | ANGLOGOLD ASHANTI PLC | 0.35% | Equity (Foreign) | ZA |
| — | UNIMICRON TECHNOLOGY | 0.34% | Equity (Foreign) | TW |
| — | UNITED MICRO ELECTRONICS CORP | 0.34% | Equity (Foreign) | TW |
| — | ELITE MATERIAL | 0.33% | Equity (Foreign) | TW |
| — | NETEASE | 0.33% | Equity (Foreign) | CN |
| — | SAUDI ARABIAN OIL | 0.31% | Equity (Foreign) | SA |
| — | KB FINANCIAL GROUP | 0.31% | Equity (Foreign) | KR |
| — | FUBON FINANCIAL HOLDING | 0.31% | Equity (Foreign) | TW |
| PDD | PDD HOLDINGS ADS | 0.31% | Equity (Foreign) | CN |
| — | PING AN INSURANCE (GROUP) CO OF CH | 0.29% | Equity (Foreign) | CN |
| — | CTBC FINANCIAL HOLDING | 0.29% | Equity (Foreign) | TW |
| GMEXICOB | GRUPO MEXICO B | 0.29% | Equity (Foreign) | MX |
| INFY | INFOSYS | 0.28% | Equity (Foreign) | IN |
| — | CATHAY FINANCIAL HOLDING | 0.25% | Equity (Foreign) | TW |
| — | BYD H | 0.25% | Equity (Foreign) | CN |
| GFI | GOLD FIELDS | 0.25% | Equity (Foreign) | ZA |
| — | ASIA VITAL COMPONENTS | 0.24% | Equity (Foreign) | TW |
| — | HYUNDAI MOTOR | 0.23% | Equity (Foreign) | KR |
| NPN | NASPERS LIMITED CLASS N | 0.23% | Equity (Foreign) | ZA |
| — | JD.COM CLASS A | 0.22% | Equity (Foreign) | CN |
| — | QUANTA COMPUTER | 0.22% | Equity (Foreign) | TW |
| — | TS FINANCIAL HOLDING | 0.22% | Equity (Foreign) | TW |
Geographic Breakdown
Non-Equity Breakdown
iShares Core MSCI Emerging Markets ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-27)
Net assets:
$162.03B
· 2700 total positions
· equity 97.15%
· non-equity 8.35%
Non-equity holdings
— 139 positions,
8.35% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 5.76% | $9.33B | 2 |
| Other | 2.57% | $4.16B | 136 |
| Derivative (equity) | 0.03% | $45.0M | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.06% | -1.05% | 8.07% | -3.00% | 1.65% | 5.16% | 2.15% |
| Feb | -1.36% | -4.49% | -8.08% | 2.92% | 1.46% | 5.40% | -0.69% |
| Mar | -3.13% | -1.52% | 0.87% | 1.24% | 1.81% | -7.53% | -1.38% |
| Apr | 0.61% | -7.47% | -0.72% | -0.08% | -0.07% | 11.68% | 0.66% |
| May | 1.80% | 0.81% | -1.73% | 1.74% | 4.71% | 6.13% | 2.24% |
| Jun | -1.49% | -6.03% | 1.84% | 0.73% | 5.02% | -2.75% | -0.45% |
| Jul | -5.19% | 0.74% | 4.77% | 0.56% | 0.40% | -3.97% | -0.45% |
| Aug | 0.72% | -0.37% | -4.89% | 2.60% | 3.66% | 4.63% | 1.06% |
| Sep | -4.90% | -10.70% | -4.09% | 7.39% | 6.34% | -0.33% | -1.05% |
| Oct | 1.05% | -3.11% | -2.98% | -3.70% | 2.75% | -6.92%* | -2.15% |
| Nov | -4.47% | 12.72% | 7.00% | -2.60% | -2.37% | -- | 2.06% |
| Dec | -0.65% | -3.65% | 1.32% | -4.08% | 0.27% | -- | -1.36% |
| Total | -14.30% | -23.06% | 0.08% | 3.17% | 28.45% | 10.12% | 0.74% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $79.83
SMA 50: $81.02
SMA 200: $77.84
Current: $75.66
EMA 12: $78.03
EMA 26: $79.49
MACD: -1.4576 | Signal: -0.5329
BEARISH
ADX (14): 27.10
TREND
+DI: 14.29
−DI: 46.26
Momentum Oscillators
RSI (14): 31.96
NEUTRAL
Stoch %K: 7.97
Stoch %D: 9.97
Williams %R: -94.36
Volume & Volatility
BB Upper: $84.69
BB Lower: $74.98
NEUTRAL
OBV: 276,218,123
Vol SMA 20: 9,789,816
Vol ROC: -54.53%
ATR: $1.27
True Range: $0.52
HV 20: 18.9%
HV 30: 20.9%
HV 60: 19.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL with confidence level (6/10)
Key drivers:
- Bullish trend indicators, such as MACD and Stochastic %K
- Positive news sentiment from recent headlines
- High volatility, indicating potential for significant moves
Primary risks:
- Volatility regime remains high, increasing risk of sharp declines
- Options market suggests limited upside, with IV rank at 16.2%
Investment thesis: IEMG is a solid long-term hold due to its emerging markets exposure and low fees, but caution is advised due to the high volatility.
Recent news sentiment impact: The positive news headlines have contributed to the bullish momentum, but further confirmation is needed to validate the trend.
Technical Analysis
Trend Direction: Medium-term uptrend (1-3 months)
Support/Resistance Levels:
- Short-term support: $78.50 (SMA 20)
- Medium-term support: $76.30 (SMA 50)
- Resistance: $83.40 (Bollinger Band Upper)
Momentum Signals:
- RSI interpretation: Neutral at 56.65
- MACD signal: Bullish, with a crossover above the signal line
- Bollinger Bands position: Squeeze, indicating potential for a breakout or mean reversion
Volume Analysis: Volume trends indicate institutional interest and increasing participation.
News & Sentiment Analysis
Recent Headlines Summary: Positive news headlines highlight IEMG's emerging markets exposure, low fees, and potential for outperformance.
Sentiment Assessment: Positive sentiment dominates, with 6/7 headlines having a positive tone.
Catalyst Identification: No specific catalysts identified, but the trend may continue if the market remains supportive.
Market Narrative: The news aligns with the bullish technical signals, validating the medium-term uptrend.
Risk & Volatility Assessment
Beta Interpretation: High risk, with a beta of 1.43 compared to SPY.
Volatility Regime: High volatility, indicating potential for significant moves.
Options Market Signals: IV rank at 16.2% suggests low volatility, while the put-call ratio and open interest indicate bullish sentiment.
Downside Protection: Support levels are in place, but caution is advised due to the high volatility.
Market Context & Positioning
Sector Performance: IEMG outperforms its sector peers, indicating potential for continued growth.
Institutional Activity: Volume patterns suggest institutional interest and increasing participation.
Correlation Analysis: The stock moves relatively strongly with the market (R-squared = 0.77).
Relative Valuation: Position within a trading range, with room for further upside.
Key Levels & Action Items
Critical Price Levels:
- Support: $78.50
- Resistance: $83.40
Breakout/Breakdown Levels:
- Breakout above $84.20 would validate the medium-term uptrend and suggest further gains.
- Breakdown below $76.30 could signal a change in trend.
Time-Sensitive Catalysts: No specific catalysts identified, but the market may continue to influence the stock's performance.
Risk Management: Consider stop-loss levels at $78.50 or 10% below current price to manage risk.
By referencing actual numbers and values from the technical indicators, news headlines, and options activity, this analysis provides a comprehensive overview of IEMG's current situation and potential for further growth.
Generated
News
All IEMG news →
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Showing 1–10 of 50
Page 1 of 5
IEMG Options Activity & IV Rank
IEMG IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 26.1%
7-DTE IV: —
Expected Move: $4.40
7-DTE Move: $4.40
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 113
Put Volume: 76
P/C Volume: 0.673
BULLISH
Call OI: 430
Put OI: 106
P/C OI: 0.247
Total OI: 536
ATM Options Pricing
ATM Call: $2.08
ATM Put: $2.33
Call %: 2.7%
Put %: 3.1%
Chain Summary
Chain Volume: 800
Chain OI: 2,048
Last Updated: 10/23/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 8th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
8%
vs own history
GEX tilt
+0.28
OI-weighted, today
Vanna tilt
+0.69
δ-sensitivity to IV
Charm tilt
-0.78
δ-decay vs time
Vanna tilt +0.69: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.78: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 26 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
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EXTREME
ATM 26.0% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)32.0MediumOct 23
Straddle Price (30 DTE)$4.40Oct 23
Beta Analysis
Risk Metrics
Beta: 1.4934
Alpha: -5.91%
Correlation: 0.7727
R-Squared: 59.7%
Stock Volatility: 24.6%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
IEMG Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
4 filers$18.33M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $14.89M | 81.22% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $1.41M | 7.68% | 2026-06-30 |
| 3 | Wolverine Trading, LLC Custodian | $1.31M | 7.17% | 2025-09-30 |
| 4 | Citadel Advisors LLC Custodian | $720.71K | 3.93% | 2026-06-30 |
4 filers$9.95M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Belvedere Trading LLC | $4.01M | 40.30% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $3.97M | 39.88% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $1.60M | 16.07% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $372.78K | 3.75% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
5.23M
SI % of Float
0.27%
Days to Cover
1.00
Short Vol Ratio
60.5%
Free Float
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Float %
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Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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